HVAC Equipment Market Expected to Reach US$ 155.10 Bn by 2022, Globally
Global HVAC Equipment Market, HVAC Equipment Market,
According to a new market report published by Transparency Market Research HVAC Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2022, the market for HVAC equipment globally is forecast to reach US$ 155.10 Bn by 2022. The demand for all types of HVAC equipment is expected to improve through 2022; however, sales of heat pumps in the heating segment and room air conditioners in the cooling segment will dominate the market through the forecasted period. Demand for unitary air conditioners is also expected to exhibit above average gains, globally.
Browse the full HVAC Equipment Market report at http://www.transparencymarketresearch.com/hvac-equipment-market.html
The global HVAC equipment market was valued at US$ 91.30 Bn in 2013 and is forecast to grow at a CAGR of 6.2% from 2014 to 2022. The HVAC equipment market is driven by factors such as increasing population, rise in new home sales, increasing construction expenditure, and growing industrialization among others. The HVAC industry is aiming to provide cost effective equipment to cater to the energy needs of industrial and commercial customers and meet green technology/process requirements. HVAC players are introducing eco-friendly equipment by phasing out chlorofluorocarbons and hydro chlorofluorocarbons (CFCs and HCFCs) and other harmful refrigerant based equipment.
Global HVAC Equipment Market
, HVAC Equipment Market